Sam Bankman-Fried, former founder of crypto exchange FTX (FTT-USD), is set to testify in his criminal trial in front of the judge, without a jury present. This arrangement is intended to ensure that all parts of the witness testimony are admissible, while also making it easier for appellate courts to understand the judge’s reasons for striking certain testimony later on, explains Sam Enzer, a partner at law firm Cahill Gordon & Reindel LLP. A key focus of Bankman-Fried’s testimony will be the role of lawyers in his actions. Prosecutors allege that Bankman-Fried intentionally instructed employees to auto-delete messages in order to evade regulators. However, Bankman-Fried claims he received approval from […]
The Federal Reserve has signaled on multiple occasions that they will keep interest rates higher for longer, much to the chagrin of some investors. The Fed’s policies, mixed with a myriad of economic headwinds, have simultaneously opened up new opportunities for investors, including parking investments in fixed-income. John McClain, Brandywine Global Portfolio Manager, joins Yahoo Finance to discuss his views on the Fed’s policies, where its true intentions lie, and how investors should frame these new opportunities. “This is a generational opportunity for investors to shift capital away from equities into fixed-income. The relative attractiveness of fixed-income compared to equity markets is the strongest it’s been in 20-plus years,” McClain […]
Earnings season is underway for Big Tech, with several stocks having mixed reactions despite beating expectations. This includes Meta (META), releasing third-quarter earnings Wednesday afternoon, yet seeing shares trend lower Thursday morning after doubling its revenue. Investors have been watching the sector closely, hoping it will bolster the market which has seen a downturn among rising Treasury yields and these mixed results. The Citadel Accounting & Finance Professor Paul Meeks joins Yahoo Finance Live anchors Brad Smith and Seana Smith to discuss why investors should show restraint and remain cautious on tech and growth stocks, despite all the hype with innovations and investments in AI. “Think about a company like […]
The U.S. economy experienced its most rapid growth in almost two years with GDP rising 4.9% at an annual rate in 2023’s third quarter. Consumer spending fueled the growth. However, Northwestern Mutual Wealth Management CIO Brent Schutte warns a recession could still be on the horizon, noting “the full impact of rate hikes have not hit yet” leaving us with “backward-looking data.” Schutte believes rising rates on auto loans, credit cards, and student debt will soon “erode the consumers’ condition.” While recent data is strong, he cautions headwinds are gathering as higher borrowing costs work through the economy. With mortgages comprising two-thirds of consumer debt and many on fixed rates, […]
Ford (F) has reached a tentative labor deal with striking United Auto Workers (UAW), agreeing to a 25% wage hike and cost-of-living adjustments among other stipulations. UAW President Shawn Fain characterized the deal as an “historic agreement” on day 40 of the union’s stand-up strike. Yahoo Finance Autos Reporter Pras Subramanian details what this could mean for the automaker ahead of Ford’s reporting third-quarter earnings on Thursday. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market […]
Despite a third quarter earnings beat, Mattel (MAT) fell as its outlook implies slowing growth, post-Barbie. Analyst James Hardiman joins Yahoo Finance Live to weigh in on implications long term for the company. To remain in the proverbial game, Hardiman says the company needs revenue “”re-ignition”” to sustain momentum past the Barbie movie boost. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover […]
Qualcomm (QCOM) announced a new AI chip — its Snapdragon Elite X — for Windows-operating laptops (MSFT). According to performance tests, the chip matches the peak performances of both Apple’s (AAPL) M2 chip and Intel’s (INTC) i9-13980Hx. The chip will make its debut next year, along with other new products announced at the Snapdragon Summit in Hawaii. Qualcomm CEO Cristiano Amon joins Yahoo Finance to discuss the new chip and what the company’s plans are moving forward in the mobile processing space. “”Our company has been very focused in diversifying and generating growth to other end markets for Qualcomm beyond mobile. If we look at what’s happening with the PC […]
Chinese e-commerce giant JD.com (JD) has tumbled 55% in 2023— China’s weak recovery, depressed consumer spending, and stiff competition are a few factors that have contributed to this decline.Watch the video above to find out why Wall Street remains optimistic —despite revenue woes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get […]
The Federal Reserve is widely expected to pause at its November meeting as part of its effort to achieve a soft landing for the U.S. economy. But State Street Senior Global Macro Strategist Marvin Loh has some concerns about the Fed’s data-dependent strategy. “”I think once they’ve [the Fed] has gone to this data-dependent route, they’ve really created a lot of risk, in terms of just how volatile and just how uncertain they are about how the economy is going to evolve. As a result, we’ve kind of seen… the longer part of the curve trade a bit unhinged relative to what we saw in the middle of the year […]
“Crude oil (BZ=F, CL=F) prices fell for a fourth-straight day as diplomats mitigate the fallout from escalations in the war between Israel and Hamas. In addition, a weekly report from the U.S. Department of Energy showed a positive turn in domestic oil supply with 1.372 million barrels, beating Wall Street expectations. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the latest numbers crude oil figures and how the energy sector is reacting. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your […]
